The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-11
which he says was left him by deceased
brother, and which he could receive il he
had the means OF reaching that city.
THE COFFEE TRADE.
The Price on the Increase, Causing a
Falling of in Consumption.

The Price on the Increase, Causing a
Falling of in Consumption.
From the St. Louis Republican.
Dealers in coffee in st. Louis are not en-
joying very heavy trade in that staple at
present The recent advance has had a
tendency to make buyers hold off, in the
hope that a reaction was not far of, but
this seemed to be a forlorn hope. Coffee
today is fully cent higher than it was
ten days ago. Prices are steady, aud job
beers do not look for any change for some
time. II is well known that the stiflening
OF prices OF coffee was caused by the short
age OF the current years crop, aided by a
speculative movement in New York. Six
teen months ago fair grades Of coffee were
sold in this market by the jolSbers
for Q cents per pound, while the price now
is Is cents, and some dealers quote as
high as - cents. In the east general
improvement is reported in the market,
which developed since Tuesday OF last
week, and with the gradual elimination Of
the bearish tendencies values have shown
hardening tendency. The firmer con-
dition OF the market appears to be due to
the most pronounced bullish feeling in
Europe and stronger advices from Brazil,
both Of which influences have been re-
fiected in the steady upward movement Of
option values. The improved temper OF
the European markets is said TO be in con-
sequence of the liquidation OF considera-
BILE long interest, which previously had
been an unsettling feature, while the
bracing up in Rio and Santos is, no doubt,
the reflection OF the more encouraging adj
vices received from this country, as well
as Europe, and heavy purchases in Santos
for European account.
Cable advice from Rio have been with
out feature, except that they indicate the
firmer tone Of that market. Receipts con-
tinuc light, and further shipments TO this
country and Europe have made no inroad
upon stocks, which are now reduced TO
2SS, 600 bags. That receipts do not increase
at this season OF the year, in view OF the
heavy yield that is forcshadowed from the
next crop, is considered good indication
that supplies are not held back, rs some
have claimed, for planters have every in
ducemcnt TO market their supplies in order
that they may reap the advantage OF the
comparatively high prices that now pre-
vail.
As the supply is short the consumption
has decreased very largely, and il is
hardly probable that prices will change
materially for some months. The apparent
consumption OF the country for the past
eleven months, AZ indicated by the ware
house deliveries at all seaports, was 2,0i7,-
600 bags, rs against 2,63i,lS3 bags for the
year 1856, and 2,s7S,574 bags for 1885.
These figures indicate that the consump-
ton thus far for 1887 is nearly 100000 bags
less than 1885 and over 5000 bags less
| than 1885.
st. Louis jobbers supply a vast territory
in the north, west and southwest with COT
fec, mostly Rio, Java and Santos. Jobbers
claim that their trade has been materially
increased by the interstate commerce law,
which enables them 10 occupy territory
that was cut of from them prior TO the en-
actment OF this measure BY high freight
tariffs. About one-third OF the coffee sold
in this market is roasted by tho jobbers.
One well known firm roasts 200 bags per
day.
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